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MarketScreener Homepage  >  Equities  >  Tokyo  >  Nintendo Co., Ltd.    7974   JP3756600007

NINTENDO CO., LTD.

(7974)
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Nintendo : Moves Some Switch Production Out of China

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06/12/2019 | 09:16am EDT

By WSJ City

Nintendo is shifting some production of its Switch videogame console to Southeast Asia from China to limit the impact of possible US tariffs on Chinese-made electronics, said people who work on Nintendo's supply chain.

KEY FACTS:

--- The US increased import tariffs last month on $200bn of Chinese goods to 25% from 10%.

--- It proposed tariffs on an additional $300bn of goods which would cover smartphones and videogame consoles.

--- Nintendo has traditionally relied on the Chinese factories of contract assembly companies to make its hardware.

--- People involved in the supply chain said production in Southeast Asia has started for the Switch.

--- A spokesman said Switch is now mostly made in China and Nintendo is always exploring options.

--- The tariffs might not be adopted if tensions ease between the world's two largest economies.

Why This Matters

President Trump and Chinese leader Xi Jinping are set to meet in late June in Osaka, the center of the Japanese region that includes many electronics makers including Nintendo and Sharp.

Videogame platform owners tend to sell hardware at a thin profit in hopes of earning revenue from more-lucrative software sales. If Nintendo had to pay a 25% tariff to import its consoles into the US, it might be forced to sell them at a loss -- something the company has said it wants to avoid.

A fuller story is available on WSJ.com

WSJ City: The news, the key facts and why it matters. Be deeply informed in less than five minutes. You can find more concise stories like this on the WSJ City app. Download now from the App Store or Google Play, or sign up to newsletters here http://www.wsj.com/newsletters?sub=356&mod=djemwsjcity

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Financials (JPY)
Sales 2020 1 287 B
EBIT 2020 310 B
Net income 2020 225 B
Finance 2020 1 043 B
Yield 2020 2,31%
P/E ratio 2020 21,3x
P/E ratio 2021 17,3x
EV / Sales2020 2,88x
EV / Sales2021 2,63x
Capitalization 4 749 B
Technical analysis trends NINTENDO CO., LTD.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 47 850,00  JPY
Last Close Price 39 870,00  JPY
Spread / Highest target 60,8%
Spread / Average Target 20,0%
Spread / Lowest Target -14,7%
EPS Revisions
Managers
NameTitle
Shuntaro Furukawa President & Representative Director
Satoru Shibata Director, General Manager-Sales & Operations
Hajime Murakami Executive Officer & GM-Administration
Ko Shiota Director, GM-Technology & Development
Shigeru Miyamoto Representative Director
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